USDCHF Analysis – December 10, 2011

USDCHF might be forming a cycle top at 0.9329 on daily chart. Key support is at 0.9065, a break below this level will trigger another fall to 0.8400 area. Resistance is at 0.9329, only break above this level could signal resumption of the uptrend from 0.8569.

For long term analysis, USDCHF remains in uptrend from 0.7067. Further rise towards 1.0000 could be seen over next several months.

usdchf daily chart